Choosing the Most Suitable Horse Insurance Policy

Choosing the Most Suitable Horse Insurance Policy

Owning your own horse is a very exciting and interesting hobby. However it is not one of the cheapest hobbies as horses are not the cheapest of pets to own. The cost of the horse alone is usually considerable, and then there is the stabling, feeding, equipment and medical bills to consider. With all of these costs in mind you might want to ensure you have taken out the most suitable horse insurance for your needs.

Horse insurance provides enormous peace of mind and financial support if the worst case scenario arose. So what do you get when you take out an insurance policy for a horse?

Death of your horse by accident or illness is usually covered in the insurance policy. Usually the insurance provider pays out the agreed sum of money which would be the price that you paid for the horse. However some insurance providers will set a maximum payout so bear this in mind when looking for an insurance policy.

Your horse could be stolen out of the paddock or it could break out and become lost. In either of these cases the insurance policy would payout towards advertising costs for the safe recovery of your horse and may even pay for putting up a reward for the return of your horse.

While not all basic insurance policies provide this, some will offer you a plan that pays towards your vet's costs. If the vet has to visit your horse due to an accident or illness the call out fee alone is a substantial sum of money. Your horse could have to have tests, x-rays, treatment and medication and all of these could mean your bill is sky high. If vets fees are included in your insurance policy you could claim back up to the maximum amount per year.

Saddles and tack are very expensive and the typical horse insurance policy would cover your tack if it is stolen or damaged. As the replacement of these could cost you many hundreds of pounds, insurance would be a Godsend.

Liability insurance is often found in the majority of insurance policies for a horse. If you take your horse out onto roads and public places and your horse injures a third party or damaged property you could be taken to court and legal costs can soon add up. The insurance policy would pay towards these costs.

As you can see horse insurance comes with many benefits and taking out an insurance policy could save you from some serious bills and outlay in the future. When considering a policy, always make sure that you check out several providers online for the most suitable deal for your needs. Different providers may offer different benefits with some giving more than others for the same cost. Check out how much excess you have to pay towards a claim in the event you have to make one. This too can differ with some providers asking for more than others.

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